Sei Investments Co. Buys 11,771 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sei Investments Co. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,694 shares of the real estate investment trust’s stock after acquiring an additional 11,771 shares during the quarter. Sei Investments Co. owned 0.60% of Ryman Hospitality Properties worth $35,820,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares during the period. Parallel Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $32,000. Quest Partners LLC lifted its stake in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in Ryman Hospitality Properties during the first quarter valued at $35,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.14.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Colin V. Reed acquired 8,077 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $110.30 on Tuesday. The firm has a 50 day simple moving average of $101.79 and a two-hundred day simple moving average of $104.82. The stock has a market cap of $6.61 billion, a PE ratio of 22.84, a P/E/G ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 91.10%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.